But thats the standard disclaimer put on most corporate filings where a company is underfunded
I dont understand your concern
From what I've researched in our private chat group (amongst 14 other members we have), this company is re-inventing itself with the addition of Cresent Construction. We've identified that this addition will add over $10 million dollars in revenues to Intelligent Highway Solutions ($IHSI)
Everyone that owns the stock is keenly aware that the company funds it's operations by issuing convertible notes. That's never been a secret. It's public in all the filings. Its the reason the stock has a zero bid and 0001 ask. IHSI has always issued debt for discounted equity. We all know these holders got their restricted shares at half of what the present ask is. And these people have a right to sell their shares at the ask price or sell to the bid when it goes to 0001
Once these people realize they are better off not selling (due to Cresent Construction adding $10 million dollars in revenues to IHSI), then I'd imagine the heavy handed sellers will pull their asks and place them higher, or perhaps even buy common shares so the price increases a few more ticks so they can sell to the bidders who think it will go higher. After all, thats what makes markets right?
All this talk of a reverse stock split?
I've discussed this with my mentors and all agree that the company has issued just over 50% of the available shares into the outstanding. They appear to be doing this at an average of roughly 20 million shares per day (if you want to use an estimated daily average). I remember reading it was over double that, but now we see from today's filings that is not the case.
So there's no worries about a reverse stock split any time soon. There is no need for a reverse stock split as there is plenty of shares from the authorized allotment to be distributed into the outstanding, and yes we all know this will be at a discount to where the stock presently trades, but its restricted for a predetermined period of time.
If IHSI is getting up to a $5 million dollar loan, then why would they need to issue convertible debentures at the present time or any time in the near future?
IHSI is growing due to the addition of Cresent, yet the company is being spoken about as if this acquisition isnt happening? No need to speak badly about a company thats been hard at work in updating and making current all 2016 and 2017 filings. The goal is to go to the otc pink current information status, isnt it? This way the company will be more in line with reporting information to share holders and perhaps even uplisting to a more reputable exchange. If a reverse split is performed for that reason, then thats ok with most, but it isnt happening any time soon.
I think that the filings that arrived today speaks volumes to share holders. The time these folks spent in compiling all the data to satisfy FINRA and otc markets, and the money spent to do so, means that they are serious about coming out with really awesome news to share with all of us.
IHSI has lingered far too long at zero bid and 0001 and the time is upon us where those numbers will be in the rear view mirror.
I plan to add more shares tomorrow and i hope many here do the same. And if our purchases help line the pockets of these note holders, then great because thats what true loyal shareholders do to help their company pay down debts and clean up the balance sheet. I think IHSI will be in much better financial shape now than ever before in it's history.
If anyone here agree, please let me know.
$IHSI
